President Mahama warns state-owned enterprise CEOs over failure to submit audited accounts
via GhanaWeb2 min read
President John Dramani Mahama has issued a stern warning to Chief Executive Officers of state-owned enterprises SOEs, stating that they will face dismissal if they fail to submit their audited accounts and annual reports by the deadline set by the State Interests and Governance Authority SIGA. Speaking at a diaspora town hall meeting in London on Sunday, May 31, 2026, Mahama emphasized that compliance with reporting requirements is no longer optional. He indicated that CEOs who do not meet the deadline will be removed from their positions. This directive is part of a broader effort to enhance oversight and improve accountability within public institutions. Mahama highlighted that the submission of these reports has been made a key performance indicator for SOE CEOs, addressing concerns about weak governance and poor financial management. He revealed that some SOEs had failed to submit audited accounts and annual reports for as long as seven years, questioning the operational integrity of such organizations. Mahama further explained that losses incurred by poorly managed state-owned enterprises ultimately become liabilities for the state, contributing to public debt and economic pressure.
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This summary was AI-generated from a story originally published by GhanaWeb.
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